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Why Watts Water Technologies (WTS) Stock Is Trading Lower Today

What Happened? Shares of water management manufacturer Watts Water (NYSE:WTS) fell 5.3% in the morning session after the company reported underwhelming earnings. The water management products manufacturer posted revenue of 611.7million,up12.5611.7 million, up 12.5% from the prior year, and adjusted earnings of 2.50 per share, both surpassing analyst expectations. However, the strong results were likely overshadowed by a soft outlook. Analyst forecasts point to a significant slowdown, with expected revenue and earnings gro ...